[Nor-LA-SD-guy]

So did most people feel the ecomomy recovered until 1998 ?? Just my guess,

I guess we will need to wait and see.

[Nor-LA-SD-guy]

So did most people feel the ecomomy recovered until 1998 ?? Just my guess,

I guess we will need to wait and see.

[Nor-LA-SD-guy]

So did most people feel the ecomomy recovered until 1998 ?? Just my guess,

I guess we will need to wait and see.

[Nor-LA-SD-guy]

So did most people feel the ecomomy recovered until 1998 ?? Just my guess,

I guess we will need to wait and see.

[Nor-LA-SD-guy]

So did most people feel the ecomomy recovered until 1998 ?? Just my guess,

I guess we will need to wait and see.

[Nor-LA-SD-guy]

Hate to break this to you guy’s but the economy will never recover until home prices are near peak again, (not that I think that’s going to happen anytime soon) it’s just that there is no way anyone who once thought his home was worth such and so is going to feel like spending any money until it gets back close to that point.

It’s just human nature.
If only 15% or so fall into that category then we are going nowhere.

Also the Property tax base must get back to 2006 and then some if we are to keep the current Local Gov spending at current levels.

Otherwise it just one cut followed by the next more painful cut then the next.

[Nor-LA-SD-guy]

Hate to break this to you guy’s but the economy will never recover until home prices are near peak again, (not that I think that’s going to happen anytime soon) it’s just that there is no way anyone who once thought his home was worth such and so is going to feel like spending any money until it gets back close to that point.

It’s just human nature.
If only 15% or so fall into that category then we are going nowhere.

Also the Property tax base must get back to 2006 and then some if we are to keep the current Local Gov spending at current levels.

Otherwise it just one cut followed by the next more painful cut then the next.

[Nor-LA-SD-guy]

Hate to break this to you guy’s but the economy will never recover until home prices are near peak again, (not that I think that’s going to happen anytime soon) it’s just that there is no way anyone who once thought his home was worth such and so is going to feel like spending any money until it gets back close to that point.

It’s just human nature.
If only 15% or so fall into that category then we are going nowhere.

Also the Property tax base must get back to 2006 and then some if we are to keep the current Local Gov spending at current levels.

Otherwise it just one cut followed by the next more painful cut then the next.

[Nor-LA-SD-guy]

Hate to break this to you guy’s but the economy will never recover until home prices are near peak again, (not that I think that’s going to happen anytime soon) it’s just that there is no way anyone who once thought his home was worth such and so is going to feel like spending any money until it gets back close to that point.

It’s just human nature.
If only 15% or so fall into that category then we are going nowhere.

Also the Property tax base must get back to 2006 and then some if we are to keep the current Local Gov spending at current levels.

Otherwise it just one cut followed by the next more painful cut then the next.

[Nor-LA-SD-guy]

Hate to break this to you guy’s but the economy will never recover until home prices are near peak again, (not that I think that’s going to happen anytime soon) it’s just that there is no way anyone who once thought his home was worth such and so is going to feel like spending any money until it gets back close to that point.

It’s just human nature.
If only 15% or so fall into that category then we are going nowhere.

Also the Property tax base must get back to 2006 and then some if we are to keep the current Local Gov spending at current levels.

Otherwise it just one cut followed by the next more painful cut then the next.

[Nor-LA-SD-guy]

Small is beautiful ??? maybe it’s just a home builder marketing ploy ???

Seems maybe they built a few too many starter homes recently,

Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.

[Nor-LA-SD-guy]

Small is beautiful ??? maybe it’s just a home builder marketing ploy ???

Seems maybe they built a few too many starter homes recently,

Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.

[Nor-LA-SD-guy]

Small is beautiful ??? maybe it’s just a home builder marketing ploy ???

Seems maybe they built a few too many starter homes recently,

Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.

[Nor-LA-SD-guy]

Small is beautiful ??? maybe it’s just a home builder marketing ploy ???

Seems maybe they built a few too many starter homes recently,

Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.

[Nor-LA-SD-guy]

Small is beautiful ??? maybe it’s just a home builder marketing ploy ???

Seems maybe they built a few too many starter homes recently,

Small snip from a recent article
Surprisingly, the median existing home price was up 0.7%, but this doesn’t necessarily suggest that prices are still on the rise. Since the price is not a repeat sales index, the rise in the median price suggests that first time homebuyers did not have as much of an impact on existing home sales as they did in prior months. Rather, existing home owners were the main purchaser and they stepped up to more expensive properties that were made more affordable by the drop in mortgage rates.
Unfortunately, the purchases of more expensive properties may actually hurt the new home sector. Since the end of 2009, homebuilders changed their building strategies to compete for first time homebuyers by building smaller homes. According to the existing home sales data, these homes are currently not the most desirable. That may result in a further downturn in new home sales as the new home inventories do not match what is being currently demanded over the coming months.

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